This article throws light upon the eight main canons of public expenditure. The canons are: 1. Canon of Benefit 2. Canon of Economy 3. Canon of Sanction 4. Canon of Surplus 5. Canon of Elasticity 6. Canon of Neutrality 7. Canon of Productivity 8. Canon of Equitable Distribution. 1. Canon of Benefit: According to Prof. Findlay Shirras public expenditure should [...]
After reading this article you will learn about:- 1. Meaning of Cost Benefit Analysis 2. Fundamentals of Cost-Benefit Analysis 3. Basic Postulates 4. Limitations. Meaning of Cost Benefit Analysis: In general parlance, cost benefit analysis (CBA) refers to changes in the allocation of resources brought about by a project. In this the investor looks at the allocation of resources before [...]
This article throws light upon the sixteen main factors responsible for the growth of public expenditure. Some of the factors are: 1. The New Concept of Welfare State 2. War and National Defence 3. Population Growth 4. Growth of Democratic Institutions 5. Provision of Economic Over Head 6. The Problem of Urbanization 7. Rising Trend in Price Level 8. Adoption [...]